Philippine Savings Bank plans PHP 10 billion long-term negotiable CDs

By Marisa Wong

Morgantown, W.Va., Sept. 26 – Philippine Savings Bank said its board of directors has approved the issuance of up to PHP 10 billion of long-term negotiable certificates of time deposits.

The negotiable CDs will be issued in one or more tranches over a period of one year.

The issuance is still subject to approval from the Bangko Sentral ng Pilipinas.

PSBank is a Makati City, Philippines-based subsidiary of Metrobank Group.

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